Definicija: Ideology behind and practice of free movement of goods between all countries.

Definicija: Customs territories of two or more states which have granted each other reciprocal trade advantages involving the removal of customs duties and other trade barriers on trade between them, each state remaining free to impose customs duties and other trade restrictions on goods originating outside the free trade area.

Definicija: Customs territories of two or more states which have granted each other reciprocal trade advantages involving the removal of customs duties and other trade barriers on trade between them, each state remaining free to impose customs duties and other trade restrictions on goods originating outside the free trade area.

Definicija: Intergovernmental organization established by the Treaty of Stockholm (4 January 1960). Participant nations: Norway, Switzerland, Iceland and Liechtenstein. Denmark, the United Kingdom, Portugal, Austria, Sweden and Finland, who also signed the establishing Treaty, left on accession to the Community. Bilateral agreements with the EEC and ECSC which established, on 1 January 1984, a free-trade area for industrial products (abolition of customs duties and all quantitative restrictions or measures having equivalent effect). 18 July 1990: decision of the EC to open negotiations with a view to concluding a closer association agreement with EFTA designed to establish a European Economic Area (q.v.).